927 SW Springfield DrAnkenyIA50023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ankeny at 927 SW Springfield Dr, Ankeny, IA, 50023 generates $1,454/mo in rent, after a $1,003/mo payment. Total monthly income is $1,454/mo. Return on cash invested sits at 19.17% in year one, and rental yield is 8.51% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 100.31% and total cumulative return in cash sums $68,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,454/mo property income rather than buyer’s personal income.
Condo
Built in 2004
958.32 sqft lot
$N/A/sqft
$165 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Moore • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715965
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.